Quote:
Originally Posted by Aces4
We must live in different worlds, OB. If one has a million dollar retirement, spends $500,000 on a home, puts kids through college and lives in retirement on the remaining $500,000, one had better hope for a very early death.
|
A millionaire doesn't have only a million bucks, and never another dime for the rest of their lives. They have investments, and interest, and dividends, pensions and stocks and whatever the heck else they have.
A millionaire who has kids young enough to be sent to college, is still working. That means they're still earning an income. They can afford a $500,000 home, that they only have to buy once - and set aside money every year to put their kids through college.
I was talking about "affordability" in general, not "whether or not a millionaire can afford to live in The Villages. That's why I put that part in another paragraph.